Profitelligence Profitelligence · Filing Ledger Open URI research →

Form 8-K · Current Report · Filed 2024-01-24

United Rentals Announces Record Financial Results and New Share Repurchase Program

United Rentals, Inc. reported record financial results for the fourth quarter and full year of 2023, with notable increases in revenue, net income, and adjusted EBITDA. The company also announced a new $1.5 billion share repurchase program and a 10% increase in its quarterly dividend. These financial highlights were accompanied by a strategic shift in the capital allocation approach, including a reduction in the targeted full-cycle leverage range.

Filer
United Rentals, Inc. URI · NYSE
Filed
Accession
0001067701-24-000009
CIK
0001067701
Signal
Medium impactIndustrials

Items reported

Item 2.02

Results of Operations and Financial Condition

General Statement
Item 7.01

Regulation FD Disclosure

Regulation FD Disclosure
Item 8.01

Other Events

Share Repurchase Program Announced
Item 9.01

Financial Statements and Exhibits

Exhibits Furnished

Market reaction

Close before filing

$578.07

Next session

+12.7%

Since filing

+86.7%

Latest close

$1,079.26

What happened, not what will happen — closing prices around the filing date.

Exhibits (1)

About United Rentals, Inc.

United Rentals, Inc. is a prominent player in the equipment rental industry in North America, providing rental services to a diverse range of industries. The company specializes in offering a comprehensive selection of construction and industrial equipment for short-term and long-term use. With an extensive catalog that includes everything from earthmoving machinery to aerial work platforms, United Rentals serves sectors such as construction, manufacturing, utility, and government operations. By enabling companies to access the necessary tools and machinery without the burden of ownership, United Rentals supports operational flexibility and cost-efficiency. Their strategic network of branch locations ensures prompt service and equipment availability, making it a preferred partner for projects of varying scales. As an industry leader, United Rentals plays a critical role in facilitating large infrastructure projects and enabling businesses to respond quickly to changing project demands, underscoring its significance in the broader economic landscape where construction and manufacturing are pivotal.

Exchange NYSE Industry Rental & Leasing Services Company website ↗

Never miss another URI filing

Profitelligence watches EDGAR around the clock and alerts you within seconds.

Set up free alerts